Category: General

MANILA: Finance Secretary and current Chair of the Intergovernmental Group of Twenty-Four (G-24) Board of Governors Ralph Recto is pushing for key reforms to empower the International Monetary Fund (IMF) and the World Bank Group (WBG) to better serve developing countries. In a statement on Wednesday, the DOF said Recto championed four key reforms during a high-level meeting of ministers and governors on Oct. 22 held at the IMF headquarters in Washington, D.C. The Philippines currently serves as the Chair of the G-24 Bureau for 2023-2024. “We continue to call for a more agile and resolute IMF and World Bank.

MANILA – Department of Trade and Industry (DTI) Undersecretary for International Trade Group Allan Gepty said the country has untapped export opportunities in the European Union (EU) market worth USD8.3 billion that can be addressed by the Philippines-EU Free Trade Agreement (PH-EU FTA).:Department of Trade and Industry (DTI) Undersecretary for International Trade Group Allan Gepty said the country has untapped export opportunities in the European Union (EU) market worth USD8.3 billion that can be addressed by the Philippines-EU Free Trade Agreement (PH-EU FTA). Gepty said this was discussed during the resumption of the PH-EU FTA negotiations in Brussels last week.

A New People’s Army (NPA) guerrilla was killed in a clash with the 26th Infantry Battalion (26IB) on Tuesday in the hinterlands of San Luis town, Agusan del Sur province. The 4th Infantry Division (4ID) reported Wednesday that 26IB troops were conducting a military operation in Sitio Tamyang, Barangay Binicalan when they encountered around 50 rebels from the Headquarters Force NEO and Regional Sentro De Gravidad Compaq of the NPA’s North Central Mindanao Regional Committee (NCMRC). The troops recovered a Bushmaster M4 rifle, ammunition, and personal items. The slain NPA member’s identity is still being verified. 4ID Commander, Maj. Gen.

Manila: ‘Kristine’ has intensified into a severe tropical storm and is forecast to further intensity until it makes landfall Thursday night or Friday morning, the weather bureau said. In its 5 a.m. advisory Wednesday, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said Tropical Cyclone Wind Signal (TCWS) No. 3 was hoisted over the provinces of Isabela, Kalinga, Mountain Province, Ifugao, the central portion of Abra (Malibcong, Licuan-Baay, Sallapadan, Daguioman, Bucloc, Boliney, Tubo, Luba, Manabo, Bucay, Villaviciosa, Pilar, San Isidro, Peñarrubia), Benguet, Quirino, and Nueva Vizcaya. TCWS no. 3 is also up in northern and central portions of Aurora

Manila: The Department of Agriculture (DA) on Wednesday projected a robust rice supply by yearend despite the effects of La Niña and other weather disturbances. Based on the DA’s national rice supply outlook, the country will have 3.83 million metric tons (MT) of rice inventory. In a statement, DA Undersecretary for the National Rice Industry Development Program Christopher Morales said this is enough to cover a 100-day consumption. ‘This projection incorporates updated rice stock data, actual import arrivals, and historical trends, ensuring the country’s rice needs are met despite the production drop,’ he said. The stable supply is expected despite